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Search Results 0 to 4 of about 5 (some duplicates have been removed)
of the regions indexes as well. sou south korea's kospi is trading down. toyota motor executives are boosting vehicles. it's said to become the production center. toyota president made the announcement in bangkok during the 50th anniversary ceremonies for the firm's thai unit. >> in the near future we plan to build as many as one million vehicles a year. >> the goal is to churn out one and a half times more product than the current 6,000 units per year. toyota is the best selling auto maker in thailand. three plants roll out vehicles for domestic consumption to over 100 countries including the rest of southeast asia. >>> the indian government has approved a project to export rare earth metals to japan. japanese trading house and an indian firm have teamed .urces thursday. toyota executives are said to begin test operations next month at 80ss extraction facility in southern india. exports will begin next year. that's all for business news this hour. i'll leave you with a recap of the region's markets. >>> it's two against one in south korea's upcoming election. now they're putting their plans
. >>> two major japanese automakers, toyota motor and mazda motor, are expanding their business alliance, this time abroad. they have agreed to produce a toyota brand car at mazda's plant in mexico. the companies have announced that they will make 50,000 subcompact cars a year at a plant mazda is now building in central mexico. production is scheduled to begin around the summer of 2015. toyota plans to sell the cars in north america. a new design based on mazda's demio model will be used for this new car. toyota will pay for part of the necessary production equipment and also shoulder some development costs. with the agreement, toyota aims to strengthen its lineup in north america. mazda on its part is hoping to ramp up production efficiency at the new plant and improve its profitability. the two firms had earlier joined hands to produce a hybrid car in japan. >>> japanese steelmakers have reported sharp profit declines in their first half of their business year. that's due to flagging overseas demand and increasing competition from china and south korea. three steel companies said altho
. >>> toyota motors says it will recall over 1.5 million cars in japan as there are separate defects in the steering wheel and hybrid fuel system. it will be the automaker's largest ever recall in the country. toyota says a design error for a shaft part was found in nine models including prius and wish made between august 2000 and last december. the car maker says the steering wheel could malfunction if the driver repeatedly turns it to the maximum. the recall also involved five models of hybrids including alphard hybrid and prius made between may 2001 and last december. toyota says a manufacturing error was found in the electrical system for the water pump to cool the voltage converter. the automaker warnings that the defects could force the car to stop running due to a short circuit. toyota says there has been no accidents stemming from the defect but says it will start replacing the parts for free. >>> u.s. treasury secretary timothy geithner has echoed president obama on the importance of raising taxes for the wealthy and continuing tax cuts for the middle class. that's to avoid
Search Results 0 to 4 of about 5 (some duplicates have been removed)